HomeMy WebLinkAboutResolution 79-09CITY OF CITY OF COLUMBIA HEIGHTS 590 40th Ave. N. El - C~olurnbia -Heig_~ ~_sT-MN -5542t (612) 788-9221 "SE-RViCE IS OUI~=~OSINESs'' RESOLUTION 79- 9 RESOLUTION RELATING TO A PROJECT UNDER THE MUNICIPAL INDUSTRIAL DEVELOPHENT ACT, APPROVING AND AUTHORIZING THE EXECUTION OF A SUPPLEMENT TO THE MEMORANDUM OF AGREEMENT BETWEEN THE CITY OF COLUMBIA HEIGHTS, AND MIDLAND COOPERATIVES, INCORPORATED BE IT RESOLVED by the City Council of the City of Columbia Heights, Minnesota, as fo]lows: I. The City Council by resolution adopted on December 27, 1977 entitled ~'Resolution Giving Preliminary Approvat To A Project Under The Municipal Industrial Development Act, Referring The Proposal To The Commissioner Of Securities For Approval, And Authorizing Execution Of A Memorandum Of Agreement And Preparation Of Necessary Documents" authorized the execution on behalf of the City of a Memorandum of Agreement relating to the commitment of the City to issue its revenue bonds pursuant to the authority of Minnesota Statutes, Chapter 474, as amended, to finance costs of the acquisition of land within the City and the construction and equipping thereon of a facility to be used by Midland Cooperatives, Incorporated (the Company) as a headquarters and office facility. In accordance with Section 4 of such Memorandum of Agreement it is deemed desirable in order to evidence the continuing commitments of the City and Company thereunder to enter into a First Supplement to the Memorandum of Agreement for such purpose. 2. A form of First Supplement to Memorandum of Agreement has been submitted to this Councit for the above described purpose. Such First Supplement to Memorandum of Agreement is hereby approved and the Mayor and City Manager are hereby authorized and directed to execute the First Supplement to Memorandum of Agreement on behalf of the City. Offered by: Hentges Seconded by: Heintz Roll Call: All Ayes Uncil SecFet~ry ~ Bruce G. Nawrocki, Mayor E. "Sebe" Heintz, Councilmember Walter Logacz, Councilmember Gayle R. Norberg, Councilrnernber Kenneth E. Hentges, Councilmember EQUAL OPPORTUNITY EMPLOYER